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NYSE:BMA

Banco Macro (BMA) Stock Price, News & Analysis

$54.82
-1.20 (-2.14%)
(As of 11:03 AM ET)
Today's Range
$54.50
$56.29
50-Day Range
$46.51
$63.49
52-Week Range
$17.30
$68.24
Volume
69,688 shs
Average Volume
366,429 shs
Market Capitalization
$3.51 billion
P/E Ratio
3.24
Dividend Yield
39.35%
Price Target
$62.00

Banco Macro MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
10.5% Upside
$62.00 Price Target
Short Interest
Healthy
1.64% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.08mentions of Banco Macro in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-26.97%
From $11.83 to $8.64 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.05 out of 5 stars

Finance Sector

671st out of 863 stocks

Commercial Banks, Not Elsewhere Classified Industry

24th out of 29 stocks

BMA stock logo

About Banco Macro Stock (NYSE:BMA)

Banco Macro S.A. provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers. The company also provides personal loans, document discounts, residential mortgages, overdrafts, pledged loans, and credit card loans to retail customers. In addition, it offers corporate banking products and services, including deposits, lending, check cashing advances and factoring, guaranteed loans, credit lines for financing foreign trade, and cash management services; and trust, payroll, and financial agency services, as well as corporate credit cards and other specialty products; and working capital facilities, credit for investment projects, and leasing and foreign trade transactions. Further, the company provides transaction services, such as cash management, collection services, payments to suppliers, payroll services, foreign exchange transactions, and foreign trade services; information services comprising Datanet and Interpymes services to corporate customers; and Internet and mobile banking services. Additionally, it offers short-term and medium-to-long-term corporate lending products. Banco Macro S.A. was incorporated in 1966 and is headquartered in Buenos Aires, Argentina.

BMA Stock Price History

BMA Stock News Headlines

Banco Macro Q2 2024 Earnings Preview
Banco Macro (BMA) Set to Announce Earnings on Thursday
Millionaire Investor Warns: “Brace for Apple Collapse”
Apple stock has quadrupled over the past five years. But now even Warren Buffett is pulling the plug. The Oracle of Omaha just sold HALF his stake – worth more than $75 billion in the iconic tech company.
Banco Macro (NYSE:BMA) Shares Gap Down to $59.28
StockNews.com Downgrades Banco Macro (NYSE:BMA) to Hold
Banco Macro B ADR (BMA)
Millionaire Investor Warns: “Brace for Apple Collapse”
Apple stock has quadrupled over the past five years. But now even Warren Buffett is pulling the plug. The Oracle of Omaha just sold HALF his stake – worth more than $75 billion in the iconic tech company.
Banco Macro goes ex dividend Monday
See More Headlines
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Company Calendar

Last Earnings
11/22/2023
Ex-Dividend for 7/29 Dividend
7/22/2024
Dividend Payable
7/29/2024
Ex-Dividend for 8/23 Dividend
8/16/2024
Today
8/22/2024
Next Earnings (Confirmed)
8/22/2024
Dividend Payable
8/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Commercial banks, not elsewhere classified
Sub-Industry
Banking
Employees
8,005
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$62.00
High Stock Price Target
$62.00
Low Stock Price Target
$62.00
Potential Upside/Downside
+10.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$2.23 billion
Pretax Margin
36.05%

Debt

Sales & Book Value

Annual Sales
$3.79 trillion
Cash Flow
$7.75 per share
Book Value
$61.68 per share

Miscellaneous

Free Float
N/A
Market Cap
$3.59 billion
Optionable
Optionable
Beta
1.91
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Key Executives

  • Mr. Gustavo Alejandro Manriquez (Age 55)
    GM & CEO
  • Mr. Jorge Francisco Scarinci (Age 54)
    CFO, Finance Manager & IR Manager
  • Mr. Marcelo Agustin Devoto (Age 48)
    Investment Banking Manager
  • Mr. Ernesto Eduardo Medina (Age 57)
    System &Technology Manager
  • Mr. Gerardo Adrian Alvarez (Age 55)
    Administration & Human Resources Manager
  • Mr. Ernesto Lopez (Age 52)
    Legal Manager
  • Nicolas Daniel Giacinti
    Compliance Manager
  • Mr. Francisco Muro (Age 51)
    Distribution & Sales Manager
  • Ms. Ana María Magdalena Marcet (Age 63)
    Credit Risk Manager
  • Lic. Brian Anthony (Age 51)
    Commercial banking manager

BMA Stock Analysis - Frequently Asked Questions

How have BMA shares performed this year?

Banco Macro's stock was trading at $28.70 at the beginning of the year. Since then, BMA stock has increased by 95.6% and is now trading at $56.13.
View the best growth stocks for 2024 here
.

How were Banco Macro's earnings last quarter?

Banco Macro S.A. (NYSE:BMA) released its quarterly earnings results on Wednesday, November, 22nd. The bank reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $1.32 by $0.99. The bank had revenue of $2.20 billion for the quarter. Banco Macro had a trailing twelve-month return on equity of 37.91% and a net margin of 16.33%.

What is Jorge Horacio Brito's approval rating as Banco Macro's CEO?

19 employees have rated Banco Macro Chief Executive Officer Jorge Horacio Brito on Glassdoor.com. Jorge Horacio Brito has an approval rating of 75% among the company's employees.

Who are Banco Macro's major shareholders?

Top institutional investors of Banco Macro include Candriam S.C.A. (1.18%), Duquesne Family Office LLC (0.43%), Ping Capital Management Inc. (0.34%) and Marshall Wace LLP (0.26%).
View institutional ownership trends
.

How do I buy shares of Banco Macro?

Shares of BMA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Banco Macro own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Banco Macro investors own include Energy Transfer (ET), AT&T (T), Wells Fargo & Company (WFC), Enterprise Products Partners (EPD), NGL Energy Partners (NGL), AGNC Investment (AGNC) and Grupo Financiero Galicia (GGAL).

This page (NYSE:BMA) was last updated on 8/22/2024 by MarketBeat.com Staff

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